Filing Flows › Trupanion (TRUP) › Q2 2026
Trupanion (TRUP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Trupanion (TRUP) reported revenue of $393M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +2% from the quarter before. Operating margin was 1.6%, net earnings $6.8M (1.7% of revenue).
Trupanion, Q2 2026: revenue $393M (+11% year over year), operating margin 1.6%, net earnings $6.8M, operating cash flow $21.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $393M | +2% | +11% |
| Operating profit | $6.4M | +34% | +176% |
| Net earnings | $6.8M | +40% | -27% |
| Operating cash flow | $21.0M | +44% | +40% |
| Free cash flow | $19.2M | — | +59% |
What changed
Revenue was $392.9M in Q2 2026, up 11% year over year and up 2% from the previous quarter. Subscription business was the largest line at 70% of revenue. Subscription business added $34.5M year over year (up 14%), 88% of the total change.
Operating profit was $6.4M, a 1.6% margin (up 1.0 points year over year). Of the extra revenue versus Q2 2025, 10% reached operating profit, above the 1% margin then. Total costs grew 10% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+31%). Net earnings were $6.8M, down 27% year over year. The effective tax rate was 7.4%.
Operating cash flow was $21.0M (up 40% year over year), 307% of net earnings. Non-cash charges added back $3.7M of depreciation and amortization and $10.0M of share-based compensation. After purchases of property, equipment, and internal-use software ($1.8M), free cash flow as the company reports it was $19.2M.
Questions
What was Trupanion's revenue in the second quarter 2026?
Trupanion (TRUP) reported revenue of $393M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +2% from the quarter before.
Was Trupanion profitable in the second quarter 2026?
Operating profit was $6.4M (1.6% of revenue) and net earnings $6.8M.
Source: Trupanion 10-Q on SEC EDGAR.